| Layers Studio Limited |
| Registered number: |
09916101 |
| Balance Sheet |
| as at 31 October 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
5,110 |
|
|
5,520 |
|
| Current assets |
| Work in progress |
|
|
14,750 |
|
|
14,750 |
| Debtors |
4 |
|
27,261 |
|
|
24,145 |
| Cash at bank and in hand |
|
|
5,694 |
|
|
3,466 |
|
|
|
47,705 |
|
|
42,361 |
|
| Creditors: amounts falling due within one year |
5 |
|
(88,030) |
|
|
(115,769) |
|
| Net current liabilities |
|
|
|
(40,325) |
|
|
(73,408) |
|
| Total assets less current liabilities |
|
|
|
(35,215) |
|
|
(67,888) |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(8,125) |
|
|
(8,125) |
|
|
|
| Net liabilities |
|
|
|
(43,340) |
|
|
(76,013) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(43,440) |
|
|
(76,113) |
|
| Shareholders' funds |
|
|
|
(43,340) |
|
|
(76,013) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J G Hanson |
| Director |
| Approved by the board on 27 April 2026 |
|
| Layers Studio Limited |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company is currently insolvent but continues to trade with the support of its investor. During the year the Directors undertook more profitable projects and have reviewed both staffing and trading costs resulting in a profit during the year. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at the following rates: |
|
|
Computer equipment |
15% reducing balance |
|
|
Work in progress |
|
Work in progress is measured at expected selling price. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is the invoice price). |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
9 |
|
10 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Computer equipment |
| £ |
|
Cost |
|
At 1 November 2024 |
12,077 |
|
Additions |
471 |
|
At 31 October 2025 |
12,548 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2024 |
6,557 |
|
Charge for the year |
881 |
|
At 31 October 2025 |
7,438 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
5,110 |
|
At 31 October 2024 |
5,520 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
27,261 |
|
13,445 |
|
Other debtors |
- |
|
10,700 |
|
|
|
|
|
|
27,261 |
|
24,145 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
7,500 |
|
7,500 |
|
Trade creditors |
12,195 |
|
17,311 |
|
Taxation and social security costs |
25,751 |
|
48,997 |
|
Other creditors |
42,584 |
|
41,961 |
|
|
|
|
|
|
88,030 |
|
115,769 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
8,125 |
|
8,125 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
J G Hanson |
|
Directors loan account |
1,212 |
|
- |
|
312 |
|
1,524 |
|
|
P M Harrison |
|
Directors loan account |
346 |
|
- |
|
312 |
|
658 |
|
|
|
1,558 |
|
- |
|
624 |
|
2,182 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
MA Utilities Limited, who is a wholly owned subsiduary of Imperator Group Limited, was repaid nothing during the year by Layers Studio Ltd. The loan is interest free and repayable upon demand. The amount owing at 31 October 2025 is £30,403.00. |
|
|
Imperator Group Limited loaned the company nothing during the year .Nothing was repaid during the year by Layers Studio Ltd. The loan is interest free and repayable upon demand. The amount owing at 31 October 2025 is £10,000. |
|
|
Biblio Ltd, who is ultimatley under the same control, was loaned £1,750 and repaid nothing during the year. The loan was written off during the year in the sum of £12,450 and the loan balance is nil as at 31 October 2025. |
|
| 9 |
Controlling party |
|
|
The company is controlled by its Directors. |
|
|
| 10 |
Other information |
|
|
Layers Studio Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
4 High Street |
|
Stanley |
|
Co Durham |
|
DH9 0DQ |